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ICICI Bank will implement same-day cheque clearance from October 4, aligning with RBI’s new settlement framework. Customers depositing cheques at branches will see faster processing, with Positive Pay mandatory for high-value cheques to prevent fraud and ensure smooth dispute resolution
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Eight of India’s top-10 most valued firms gained ₹1.72 lakh crore in market valuation last week, led by Reliance Industries. TCS, Airtel, ICICI Bank, Infosys, HUL, LIC, and Bajaj Finance also rose, while HDFC Bank and SBI declined
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RBI Governor Sanjay Malhotra said banks can decide savings account minimum balances, after ICICI Bank raised requirements up to Rs 50,000 for new customers in metros, while penalties and deposit charges also increased, contrasting with SBI’s zero-balance policy
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Customers of metro and urban branches must maintain a minimum average balance of Rs 50,000 under the new structure — up from the earlier limit of Rs 10,000
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ICICI Bank had offered to take over mortgage lender HDFC Ltd before its reverse merger with HDFC Bank, says former HDFC chairman Deepak Parekh
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After a major service disruption in September 2024, ICICI Bank, Axis Bank, and Mastercard are exploring alternatives to DreamFolks Services for airport lounge access. With growing dissatisfaction, banks may increasingly shift to direct partnerships with lounge operators
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With mobile trading apps, low brokerage fees, and better access to financial education, retail investors are no longer sitting on the sidelines. They’re actively participating in the futures and options segment—particularly within sectoral indices like Bank Nifty, which reflects the performance of India's banking sector.
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Benchmark indices Sensex and Nifty rebounded on Wednesday after an early dip, driven by fresh foreign fund inflows and gains in blue-chip stocks like Reliance and ICICI Bank. Strong liquidity and optimism around earnings supported the positive sentiment in the markets.
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Shares of ICICI Bank climbed over 2 per cent on Monday morning after the firm reported a 15.7 per cent jump in March quarter consolidated net profit at Rs 13,502 crore
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According to market watchers, technically, Bank Nifty has formed a strong bullish candle on the daily chart, making a high of 54,407.20 — just 60 points away from its all-time high
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Industries Minister D Sridhar Babu said ICICI Bank did not extend any loans, while Rs.8,476 crore was raised through issue of bonds at low interest rates
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BRS working president K.T. Rama Rao on Friday alleged a criminal conspiracy and a ₹10,000 crore financial scam involving the Revanth Reddy-led government. He called for an immediate investigation by central agencies and warned of a potential collapse of ICICI Bank due to its alleged involvement in the matter.
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ICICI Bank's gross non-performing assets ratio improved to 1.96 per cent as against 2.3 per cent a year ago
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Though CCTV visuals show the farmer consuming the pesticide inside the bank, the police claimed that Devrao consumed the pesticide outside. They noted that the investigations found that his wife was suffering from a kidney-related ailment
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Had it not been for the alert staff, the cyber fraud would have been perpetrated on a retired PSU employee and his wife, who walked into the bank with a request to transfer Rs 46 lakh by RTGS to an account of ICICI Bank in Aurangabad.
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While the valuation of SBI jumps Rs 36,100.09 crore to Rs 7,32,755.93 crore, ICICI Bank adds Rs 25,775.58 crore to Rs 9,10,686.85 cr
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The BSE Sensex plummeted 1,264.2 points to 83,002.09 in early trading, while the NSE Nifty fell 345.3 points to 25,451.60. Among the 30 Sensex companies, major laggards included Tata Motors, Asian Paints, Larsen & Toubro, Axis Bank, Mahindra & Mahindra, Reliance Industries, Maruti, Kotak Mahindra Bank, ICICI Bank, and HDFC Bank.
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BSE Sensex Surges 411.15 Points, NSE Nifty Rises 94.2 Points in Early Trade
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Benchmark indices started the trade on a positive note, but the selling intensified during afternoon trade, with all sectoral indices ending in the red.
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Sensex, Nifty hit record high levels on impressive GDP data, foreign fund inflows